Microsoft will cut thousands of jobs across divisions
Jan 17 (Reuters) – Microsoft Corp ( MSFT.O ) plans to cut thousands of jobs, with some roles in its human resources and engineering divisions. cancellation is expected to be done.
The expected cuts come as companies including Amazon.com Inc ( AMZN.O ) and Meta Platforms Inc ( META.O ) have announced job cuts in response to slowing demand and a worsening global economic outlook. USA will be the latest in the technology sector.
Microsoft’s move could signal that the technology sector may continue to cut jobs.
“In terms of the bigger picture, another round of pending layoffs at Microsoft suggests the environment is not improving and is likely to continue to worsen,” said Morningstar analyst Dan Romanoff.
UK Sky News channel citing sources news reports that Microsoft plans to cut about 5% of its workforce, or about 11,000 jobs.
Bloomberg News news reports that the company plans to cut jobs in several engineering divisions on Wednesday.
The cuts will be significantly larger than other rounds last year, according to a Bloomberg report.
Microsoft declined to comment on the reports.
As of June 30, the company had 221,000 full-time employees, including USA122,000 in and 99,000 internationally.
Microsoft is under pressure to maintain growth rates in its cloud unit Azure after several quarters of decline in the PC market hurt sales of Windows and devices.
A small number of roles in July last year cancellation stated that it was done. Axios in October news site on several sections of Microsoft 10He reported that he fired less than 00 employees.
Shares of Microsoft, which will report its quarterly results on January 24, were slightly higher in afternoon trading.
Reported by Yuvraj Malik in Bengaluru; Edited by Maju Samuel and Sriraj Kalluvila
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2023-01-18 06:40:26
Source – reuters
Translation“24 HOURS”